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7686 Las Vegas Blvd S
1,370 SF Retail Condo Unit Offered at $1,200,000 in Las Vegas, NV 89123
Investment Highlights
- Strategically Positioned in high-profile retail trade area on Las Vegas Blvd.
- Absoulted NNN. Zero landlord responsibility.
- Strong co-tenacy of hotels, retail stores, and restaurant services. It is outparceled to Las Vegas Premium South Outlets.
- The building was constructed in 2018, and the tenant improvements were completed in 2022.
- A 5+5 year lease term with 3% annual increase.
- Just minutes from Town Square, the Strip, Raiders Stadium, and Harry Reid International Airport.
Data Room Click Here to Access
Property Facts
1 Unit Available
Unit 130
| Unit Size | 1,370 SF | Sale Type | Investment |
| Price | $1,200,000 | Cap Rate | 5.00% |
| Price Per SF | $875.91 | NOI | $60,000 |
| Condo Use | Retail | APN/Parcel ID | 177-09-210-019 |
| Unit Size | 1,370 SF |
| Price | $1,200,000 |
| Price Per SF | $875.91 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $60,000 |
| APN/Parcel ID | 177-09-210-019 |
Description
Newly constructed, single tenant net lease retail condo, with a 5 year NNN lease, in a newly built retail center that consists of a total rentable area of +/-14,447 SF with a total of seven (7) tenants. There is also a 131 unit hotel on the same +/- 4.75 acre lot on South Las Vegas Blvd . This retail condo is located in what is considered a strong retail corridor adjacent to the Las Vegas South Premium Outlets, minutes away from Town Square, the Strip, Raiders Stadium and Harry Reid International Airport. Additionally, it is easily accessed from either the I-15 or the I-215.
Sale Notes
Prime investment opportunity. The tenant is currently in the 3rd year of a 5 year lease. The next rent escaltion is scheduled to occur in Auguest 2025 with 3% annually thereafter. Additinally, the tenant has one (1) five-year renewal option available.
Amenities
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
Nearby Major Retailers
zoning
| Zoning Code | CT (H-1) |
| CT (H-1) |
NNN Tenant Information Click Here to Access
| TENANT | SF OCCUPIED | LEASE END DATE |
|---|---|---|
| Xinchen Liang |
99,999 SF SF
|
Jan 0000
|
Presented by
7686 Las Vegas Blvd S
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